Microsoft's Game Division Doubles Operating Income

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MicrosoftMicrosoft announced its financial results for its fiscal second quarter ended December 31, 2010. Read on for more details...
For the quarter, Microsoft reported net income of $6.634 billion, compared to net income of $6.662 billion in the same quarter the previous year. Of course, those interested in games will be more interested in the results of the Entertainment and Devices Division (EDD) that includes the Xbox 360 operations and PC Games. Fortunately, this was a good quarter for EDD, making the game-related division a major driver of overall growth.

EDD reported revenues of $3.698 billion compared to revenues of $2.381 billion in the same quarter the previous year. EDD reported operating income for the quarter of $679 million compared to $365 million in the same quarter the previous year. Microsoft primarily credited the release of the Kinect motion controller for the surge in revenues. During the quarter, Microsoft shipped 6.3 million Xbox 360 consoles and 8 million Kinect sensors (that's "shipped," not sold), with increased revenues outpacing increased costs.

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This page contains a single entry by Editor published on January 27, 2011 3:52 PM.

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